AllAnalyst Report
logoMorningstarMarch 20, 2024

ZTO Express (Cayman) Inc.: ZTO Earnings: Revenue and Cost Control Stronger Than Expected; Increasing Capital Return

Symbols
ZTO
Sector(s)
Industrials
Rating
Current Price
$21.61
Fair Value
Economic Moat
Stewardship
Summary

ZTO Express is China’s largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains the Chairman, CEO, and its major shareholder

Upgrade to begin using premium research reports and get so much more.

Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Upgrade

Analyst Profile

Chelsey Tam

Equity Analyst
Chelsey Tam is an equity analyst for Morningstar Investment Management Asia Limited, a wholly owned subsidiary of Morningstar, Inc. She primarily researches China internet and Macau gaming stocks.Before joining Morningstar in 2013, she was a sell-side analyst at a securities firm in Hong Kong. Before that she was a buy-side associate, and earlier she was a research lab assistant at the Rotman School of Management in Toronto.Tam holds bachelor’s degrees in commerce (finance) and economics from the University of Toronto.